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Barack Obama's financial assets revealed
Source: The Guardian
Barack Obama's financial assets revealed
Ewen MacAskill in Washington
guardian.co.uk, Tuesday 15 May 2012 23.25 BST
Barack and Michelle Obama have assets worth up between $2.6m and $8.3m, according to financial disclosure forms for 2011 made public by the White House.
Under the disclosure rules, the Obamas do not have to specify how much they are worth, just the broad range.
Although Obama's assets show he is far from being an average American, the family still falls well short of the wealth of his Republican opponent Mitt Romney, estimated at over $200m.
Much of the president's money has come from his memoir, Dreams From My Father, and a children's version of the book. Royalties from the book, in the range of $100,000 to $1m, are down from last year's $1m to $5m.
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Ewen MacAskill in Washington
guardian.co.uk, Tuesday 15 May 2012 23.25 BST
Barack and Michelle Obama have assets worth up between $2.6m and $8.3m, according to financial disclosure forms for 2011 made public by the White House.
Under the disclosure rules, the Obamas do not have to specify how much they are worth, just the broad range.
Although Obama's assets show he is far from being an average American, the family still falls well short of the wealth of his Republican opponent Mitt Romney, estimated at over $200m.
Much of the president's money has come from his memoir, Dreams From My Father, and a children's version of the book. Royalties from the book, in the range of $100,000 to $1m, are down from last year's $1m to $5m.
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Read more: http://www.guardian.co.uk/world/2012/may/15/barack-obama-financial-assets-revealed
